12324 Wisconsin St · Detroit, MI 48204

$22,500

3 bd · 1.0 ba · 908 sqft · SingleFamily public records · 240 Days on market

Built 1923 3,485 sqft lot $25/sqft · 43% below area Est $40k · 43% under ↓ 2% since listing

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

• Covered front porch
• Living room
• Unfinished basement

Tags

• COZY BUNGALOW HOME
• COVERED FRONT PORCH
• LIVING ROOM
• DINING ROOM
• UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $22k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $22k).
• Recommended offer: $20k (12.0% below list) — sets the bar for market timing.
• Cap rate 44.5% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 244 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 39% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($156 loan paydown + $2k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 240 days — a 12% lower offer ($20k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $7k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $19,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 240 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 5.04% ✓
• Cap rate: 44.53%
• Cash-on-cash: 136.54%
• DSCR: 7.08
• GRM: 1.7

CMA / ARV

• ARV (median comp): $39,804
• List price: $22,500
• Delta: -43.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12765 Wyoming Ave	0.31mi	3/1.0	928 (+2%)	10mo	$35,000	$38	74
11905 Ohio St	0.15mi	3/1.0	962 (+6%)	21mo	$99,000	$103	66
11695 Kentucky St	0.34mi	2/1.5 (-1)	912 (+0%)	14mo	$25,000	$27	65
12740 Mendota St	0.48mi	3/1.0	972 (+7%)	6mo	$90,000	$93	60
12440 Mendota St	0.43mi	3/1.0	1,035 (+14%)	2mo	$39,999	$39	55
12642 Wyoming St	0.21mi	3/1.0	1,026 (+13%)	18mo	$70,000	$68	53
10139 Maplelawn St	0.74mi	3/1.0	912 (+0%)	17mo	$15,000	$16	51
8691 Elmira St	0.57mi	3/1.0	1,001 (+10%)	10mo	$35,000	$35	48
12710 Kentucky St	0.23mi	2/1.0 (-1)	1,029 (+13%)	19mo	$63,000	$61	46
11717 Kentucky St	0.32mi	2/1.0 (-1)	1,034 (+14%)	14mo	$13,000	$13	46
11437 Manor St	0.74mi	3/1.0	1,006 (+11%)	5mo	$53,900	$54	43
10155 Elmira St	0.66mi	2/1.0 (-1)	1,040 (+14%)	17mo	$5,200	$5	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.20×
• Total profit: $57,942
• Equity at exit: $20,270

10-year hold

• IRR: —
• Equity multiple: 22.39×
• Total profit: $134,788
• Equity at exit: $43,713

Cash invested: $6,300 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48204

• Home prices YoY: 18.5%
• Active inventory: 244
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,133 high
• Mortgage (P&I): −$118
• Tax from tax record: −$51 /mo · $613/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $717

Break-even live

Break-even rent $226

Max offer price $22,500

Occupancy floor 32%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $5,625
• Closing costs: $675
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	24d	1	0.41mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	44d	1	0.41mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.69mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	44d	1	0.78mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	5d	1	0.79mi
2926 Ewald Cir Detroit, MI	2.0	1.0	800	$900	$1.12	17d	1	0.80mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	12d	1	0.80mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	0.81mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	44d	1	0.81mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	22d	1	0.81mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	18d	1	0.81mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	5d	1	0.81mi
10345 Crocuslawn Ave Unit 2 Detroit, MI	2.0	1.0	850	$950	$1.12	44d	1	0.83mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	44d	1	0.90mi
9353 Kentucky St Detroit, MI	2.0	1.0	800	$999	$1.25	17d	1	0.98mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	44d	1	1.02mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	24d	4	1.05mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	44d	1	1.12mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	1.19mi
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	12d	1	1.20mi
4268 Cortland St Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	1.22mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	44d	1	1.22mi
9022 Northlawn St Detroit, MI	2.0	1.0	1100	$1,300	$1.18	24d	1	1.25mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	5d	1	1.26mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	24d	1	1.30mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	44d	1	1.30mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.31mi
13717 Keal St Detroit, MI	2.0	1.0	799	$1,000	$1.25	44d	1	1.36mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	17d	1	1.36mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	17d	1	1.39mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	1.39mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	44d	1	1.45mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	1.46mi

Listing history 32 events

1. 2026-06-18
   days on market $22,500 Active 240 DOM
2. 2026-06-17
   days on market $22,500 Active 239 DOM
3. 2026-06-15
   days on market $22,500 Active 237 DOM
4. 2026-06-13
   days on market $22,500 Active 235 DOM
5. 2026-06-13
   pricedays on market $22,500 Active 234 DOM
6. 2026-06-09
   days on market $23,900 Active 231 DOM
7. 2026-06-08
   days on market $23,900 Active 230 DOM
8. 2026-06-07
   days on market $23,900 Active 229 DOM
9. 2026-06-04
   days on market $23,900 Active 226 DOM
10. 2026-06-03
    days on market $23,900 Active 225 DOM
11. 2026-06-02
    price $23,900 Active 223 DOM
12. 2026-06-01
    days on market $24,500 Active 223 DOM
13. 2026-05-31
    days on market $24,500 Active 222 DOM
14. 2026-05-14
    price $24,500 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

15. 2026-05-13
    price $24,500 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

16. 2026-04-24
    price $24,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17. 2026-04-23
    price $24,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

18. 2026-03-26
    price $25,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

19. 2026-03-25
    price $25,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

20. 2026-01-30
    price $27,400 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

21. 2026-01-29
    price $27,400 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

22. 2025-11-21
    price $28,400 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

23. 2025-11-20
    price $28,400 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

24. 2025-11-13
    price $28,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

25. 2025-11-12
    price $28,900 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

26. 2025-10-21
    listed $29,900 Active 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

27. 2025-10-21
    listed $29,900 Active 392-char remark

    Show marketing remark (392 chars)

    COZY BUNGALOW HOME LOCATED NORTH OF GRAND RIVER AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

28. 2019-01-28
    soldstatus $271,500
29. 2018-09-06
    historical
30. 2018-09-05
    historical
31. 2018-04-06
    listed $25,000 Active
32. 2018-04-06
    listed $25,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $613 · $51/mo
• Projected year-2 tax: $613 · $51/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,599
• − Mortgage interest: −$1,260
• − Property taxes: −$613
• − Insurance: −$112
• − Repairs & maintenance: −$1,088
• − Management: −$1,088
• − Depreciation: −$655
• Taxable income: $8,783
• Est. tax owed @ 24.0%: −$2,108
• After-tax cash flow: $6,494/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Detroit Public Schools Community District
• NCES district ID: 2601103
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 6.00%
• Median HH income: $25,815
• Composite: 13.06/100
• National rank: #9564
• State rank: #499 of 540 in MI

Livability — Detroit

• Score: 73/100
• State rank: #218
• US rank: #5427

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit, MI
• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (86%)
• Race & ethnicity: Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 36.51%
• Current HPI: 234.0465
• Rent YoY: —
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-2.0% since first listed

19 events — show timeline

• 2026-05-14 Price Changed $24,500 MiRealSource-MiMLS
• 2026-05-13 Price Changed $24,500 REALCOMP
• 2026-04-24 Price Changed $24,900 MiRealSource-MiMLS
• 2026-04-23 Price Changed $24,900 REALCOMP
• 2026-03-26 Price Changed $25,900 MiRealSource-MiMLS
• 2026-03-25 Price Changed $25,900 REALCOMP
• 2026-01-30 Price Changed $27,400 MiRealSource-MiMLS
• 2026-01-29 Price Changed $27,400 REALCOMP
• 2025-11-21 Price Changed $28,400 MiRealSource-MiMLS
• 2025-11-20 Price Changed $28,400 REALCOMP
• 2025-11-13 Price Changed $28,900 MiRealSource-MiMLS
• 2025-11-12 Price Changed $28,900 REALCOMP
• 2025-10-21 Listed $29,900 REALCOMP
• 2025-10-21 Listed $29,900 MiRealSource-MiMLS
• 2019-01-28 Sold (Public Records) $271,500 Public Records
• 2018-09-06 Listing Removed — REALCOMP
• 2018-09-05 Listing Removed — MiRealSource-MiMLS
• 2018-04-06 Listed $25,000 MiRealSource-MiMLS
• 2018-04-06 Listed $25,000 REALCOMP

Property tax history

-5.9%/yr

Latest (2025): $613 · -53.0% YoY. Source: county tax records.